The only "buy and hold" system that beats even today's volatile markets. Pro trader Keith Fitz-Gerald runs this hyper-selective (but low-maintenance) service that only buys stocks that are going up - without fail since 2000.

This fast-paced technical trading service shows regular investors how to profit just like pros - taking big, reliable gains quickly, over and over, with minimal risk. Editor D.R. Barton scours the market to identify the nearly invisible, short-term "stealth" stock trends that turn into fast gains, often in just a few days.

Movements such as the Mobile Revolution… Big Data… The Internet of Everything… and Cloud Computing (just to name a few)… are shaking the very foundation of how we live, work and play.
With the Nova-X Report, you won’t miss any of them.

In his thousands of hours of number-crunching, editor Sid Riggs discovered a pattern of profits that’s almost foolproof. He identified seven “sparks” that consistently propel small-cap stocks to new highs, making investors potentially life-changing gains in the process.

Click here to get exclusive access to Bill's special report on the world's best buy signal - insider transactions. Last year, the CEO of a tiny defense contractor bought over 30,000 shares of his own company. The stock went up 30% in just over a month. Recently, this CEO snapped up even more shares and this time Bill expects the stock to pop by 108%. Here's why...

Hedge fund legend Shah Gilani's newest research service lets you work "the other side of the trade," where the money you can make is off-the-charts crazy. For those willing to break the old "buy and hold" rule, Short-Side Fortunes opens up a whole new world of investing that will allow you to make huge money when asset classes flip direction - no matter which way they turn.

Kent leverages his unparalleled connections in the energy world to extract profits from oilfield exploration, drilling, service providers, producers, pipelines, and more. Follow his closely guarded techniques for making oversized gains in the most profitable sector in history.

Banks Catch a Break with Long Timeline for Implementing Basel III Regulations

Global regulators on Sunday agreed on new banking capital requirements – known as Basel III – that were much less severe than expected, boosting global financial stocks as investors were optimistic about banks' ability to comply.

The Basel Committee on Banking Supervision agreed on new rules that will more than triple capital requirements to give banks a bigger cushion against losses. Banks will have to raise the amount of common equity they hold to 7% of assets, up from 2%.

While the increase seems steep, regulators compromised on the timeline, agreeing to start phasing in the rules by Jan. 1, 2013 and allowing eight years for full implementation. The uneven state of economic recovery deterred countries from trying to enforce the rules sooner.

Banks will have less than five years to boost common equity reserves to 4.5% of assets, and will have until Jan. 1, 2019 to collect the additional 2.5% reserve buffer. If banks dip into the buffer amount or fail to meet the holding requirement, they would face restrictions on paying shareholder dividends and executive compensation, but would not be forced to raise cash.

The Basel Committee also will allow banks to apply government bailout funds toward capital reserves until the end of 2017.

While countries like Germany wanted to give institutions up to ten years to meet the new standards, nations that have already tightened banking regulations, like the United Kingdom and Switzerland, pushed for a five-year time line.

Besides providing a protective cushion for future crises, the rules are meant to create a more transparent banking sector. The Basel III regulations include provisions like giving incentives to banks that trade certain derivatives on open markets instead of privately between institutions, and strictly defining risk weighting to prevent banks from finding accounting loopholes.

But many experts disagree, saying the higher capital ratios usually have little bearing on bank lending and are not drastic enough to significantly change the industry – except by making it a more trustworthy operation.

"It will make banks less profitable, probably, " Joe Peek, professor of international banking and financial economics at the University of Kentucky, told The New York Times. "But it will make the system safer, because there will be more of a cushion from insolvency, so banks can withstand more of a hit and still walk away alive. "

While experts were happy to hear a decision, some think the long phase-in period is too long and makes it too easy for banks to comply. Dennis Gartman, editor of "The Gartman Letter, " called the timeline "comical. "

"If you're going to put in capital requirement increases, do it swiftly, get it done, " Gartman told Bloomberg. "A lead in of this many years is, I think, beyond belief. When you give somebody nine years to accomplish a task, normally that task never gets accomplished. "

Other economists warned that the long timeframe means supervisors will need to reevaluate the standards to make sure they are still as effective as intended in a few years to prevent another banking problem.

"I think we're going to have to be clearly careful as time wears on and the memory of all this starts to fade, that the risk management procedures…seem robust enough to fend off this kind of a problem. That's something the supervisors are going to have to work real hard at, " William R. White, chairman of the Organisation for Economic Co-operation and Development Economic and Development Review Committee, told Bloomberg.

U.K. banks should also have little trouble complying. Europe's biggest bank HSBC Holdings PLC (NYSE ADR: HBC) was up 2.26% Monday and analysts said the company could boost its dividend now that there's less uncertainty surrounding capital requirements.

"We expect the market to respond positively to a more regulatory certain environment and we would expect investors to focus on capital return for those banks where we see the strongest balance sheets, " JPMorgan Cazenove analysts wrote in a report on the U.K. banking sector.

Morgan Stanley (NYSE: MS) analysts Henrik Schmidt and Huw van Steenis said Nordic banks would likely be the first to raise dividends, followed by the Swiss.

U.S. banks that might be the first to increase dividends include JPMorgan Chase & Co. (NYSE: JPM), U.S. Bancorp (NYSE: USB) and Northern Trust Corp. (Nasdaq: NTRS), according to the report.

Analysts expected German and Italian banks to need to raise more funds than their European counterparts. Deutsche Bank AG (NYSE: DB), Germany's biggest lender, is aiming to raise $12.63 billion (9.8 billion euros) in a stock sale at the end of the month. Italy's banks will benefit from the eight-year time frame as they have some of the lowest capital levels among European lenders.

The details of the regulations could alter from country to country as nations adopt the rules into law.

Basil, a lovely herb, sprinkled on many fine dishes.
Basel III, a lovely herb, rolled in colorful denominations from various
country's central bankers, smoked by citizens of said countries. Gives
smokers the illusion of prosperity.

Another point to bear in mind regarding Basil, just who do you think is controlling the Euro higher than its true value, which is at least 38cents lower 380 points aproximately

Hidden from public scrutiny is the dept burden of the PIGS now over €3Trillion.

I wonder why the international monitory fund is holding some several thousand tons of gold.

Could it be the anticipated failure and resultant crash of the Euro, theres a awfull lot of coloured printed paper out there thats no value in reality.

Bricks and motar and commodities —short and long—- gold long. Banks just a bunch of Pawnbrokers who decieve you and use your money to give themselves very very big salaries, before going bust, or just crooks, both are nearer the truth.

Your email address will not be published. Required fields are marked *

Name *

Email *

Website

six + 1 =

Comment

Some HTML is OK

Sign me up for the Money Morning newsletter

About Money Morning

Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact, we believe this is where the only real fortunes will be made in the months and years to come.

Each weekday morning, in a readable style you can digest in just a few minutes, you will reap the benefits of our research and expert experiences.